“7 Stocks with Explosive Lithium Profits in 2023!”
2021 has been a banner year for lithium stocks, and the trend looks to continue throughout the remainder of 2021 and into the future. Many financial analysts are forecasting that the global lithium market will double in size by the end of 2023, and that increasing demand could be a boon for many lithium producers. With that in mind, Godzilla Newz recently explored some of the top lithium stocks of 2023.
At the top of the list is Albemarle Corporation (NYSE: ALB). Albemarle is one of the leading providers of chemical products, and its lithium operations are at the forefront of the global lithium market. Albemarle has a long history of providing innovative lithium products, and its increased production capabilities suggest that the company is well-positioned to capitalize on rising lithium demand.
Another top stock for 2023 is Sociedad Quimica Y Minera De Chile SA (NYSE: SQM). This Chilean firm is considered to be one of the leading lithium producers in the world. Sociedad Quimica has made significant investments in lithium production, and its commitment to sustainability has won it numerous accolades. With significant capacity expansion planned for the coming years, Sociedad Quimica is well-positioned to capitalize on increasing global demand.
Australian mining giant BHP Billiton (NYSE: BBL) is another leading lithium stock to watch in 2023. BHP Billiton is one of the largest mining conglomerates in the world, and its lithium operations are relatively new but are growing quickly. BHP Billiton has made substantial investments in its mining operations, and its exposure to numerous different mining sectors suggest that it is well-poised to take advantage of rising global demand for lithium.
Livent Corporation (NYSE: LTHM) is another major player in the global lithium market. Livent has worked to position itself as a leader in the burgeoning lithium industry, and its investments in research and development suggest that it is ready to capitalize on rising demand for lithium-ion batteries. With capacity expansion scheduled for the near future, Livent looks likely to be a major competitor in the lithium industry in 2023.
Finally, Piedmont Lithium (NASDAQ: PLL) rounds out the list of our top seven stocks for 2023. Piedmont Lithium is a relatively new player in the lithium industry, but the company has already seen considerable success. Piedmont has made numerous investments in lithium production, and the recent announcement of a major supply agreement suggests that the company is ready to compete in the lithium-ion battery market in the near future.
2023 appears to be a promising year for the global lithium market, and the stocks featured here could all be poised to benefit from rising demand for lithium. With robust strategies and significant production capabilities, all seven of these stocks seem likely to be at the forefront of the lithium industry in 2023.